Hello,

As per the new service tax circular no. 120/01/2010, if the service tax refund is inexcess of Rs. 5 lakhs then declaration should be certified by the statutary auditors/or the tax auditors of the company.

In that event, companies who have international firms or like as their statutary auditors will have to bear an additional certification fees burden for this service.

Is this certification of declartion from statutary auditors/tax auditors is manadatory.

Regards

One of my client(Contractor/ Builder) has to give Performance Guarantee , question is that service tax is applicable on this guarantee or not ?
the amount involved is the whole of the performance guarantee amount.
Kindly Revert on this urgently as he has to enter into a contract

Dear Sir/Madam,

What are the taxes (e.g. Service tax, VAT, WCT, TDS etc.) applicable to a civil & interior decorator and how (tax break-up).

Two contractors (both civil and interior decoration) are carrying out their works at my office.

We are situated at Chennai, Tamilnadu

Total cost for the civil contractor is Rs.1,00,000/-
Total cost for the Interior Decorator is Rs.8,00,000/-

What type of taxes will apply to the above vendors? If the contractor provides relevant registration, the particular tax will be exempted.

I am not an accountant but for my job I need to know the procedure and calculations.

Pl. help me with some examples.

With regards
MadhuSudan

Dear Expert,

I am woking in a company and our company is providing free Lunch & Dinner to the labour staff. Few Months ago our admin dept has decided to outsource the same and had awarded a contract to the party. But the said contractor has remained failed on all front and hence, once again admin dept has taken charges. Later on admin dept found that the said contractor has not paid some of the bills of LPG, Provision Items etc. Our admin dept has decided to pay on behalf of the contractor and recover the same from his bill. Before making payment of these bills, I want to know that whether it will create implication of Services Tax / VAT on our company? Please reply at the earliest. I will be very thankful to you.

What is codes for payment in GR7 challan for advertising agency?

Service tax code :
Education Cess Code:
Higer & SecondaryEducation Cess Code:
Interest Code :
Penalty code :
My Email ID : jai_mourya117@yahoo.com

Thanks & Regards
Jai Prakash

We have a client who has a 'Pass through and monitoring assignment agency'.
It has received a assignment from the government of India. In this, the company will recieve funds from the Government to pass on to computer teaching institutes to teach to the backward areas of some places. It is a long project and a continous one. Also, Government will be paying the company 1.5% of the gross amount charged (disbursed to Computer training institutes) as professional fees.

In this i have a doubt regarding the:
1) the head of service tax: will it be business auxillary services'
2) Also, the service tax will be levied on the gross amount charged or only on the 1.5% ie professional fees.

What is the current rule of Service Tax for SEZunit?
Our company is located in SEZ. We are going to take a General Insurance Policy. Should companmy need to pay Service Tax on premium amount or it will be exempt?

we have purchased a machinery from outside india and it will be installed by the vendor company. we have booked the amount of that installation charges for that installation.

my question is that is there any liablity of service tax from over side or it is not a taxable service. if yes is provision of tds is applicable and on which rate.

Our Co. Purchase a software of Rs. 200000/- for Inventory Management & updagrate it for 1 year & pay Rs. 18000/- in same month
Party Raised bill as follows:

Software (Ver.XXX) : 200000
Software Update for : 18000
1 Year

Vat @4% on 218000 & Service Tax 10.30% on 218000

Is this correct?

Pl tell me....

hi,
Dear Sir,
whether parkin and toll tax is liable to service tax.
i m referring the accounts of one co. where party has sent invoice to our co and they have clubbed the figure of parking exp into the final figure and service tax calculated accordingly

pls explain